Manganese Phosphate and Manganese(II) Phosphate Market Intelligence Report (May 27, 2026)

I. Price Trends
1. Manganese Phosphate (Industrial Grade / Battery Grade)
- Industrial Grade (≥98.0%): Current mainstream quotation range is RMB 9.8–260/kg, with significant price variation driven by purity, packaging specifications, and supplier positioning.
Shandong Gaotai Chemical Technology Co., Ltd.: RMB 260/kg (500 g/bottle; high-purity battery grade);
Jinan Zhiheng Zhiyuan Chemical Technology Co., Ltd.: RMB 55/kg (25 kg/bag; industrial grade);
Guangdong Dingfeng Chemical Co., Ltd.: RMB 17.1/kg (500 g/bottle; analytical reagent grade).
- Electronic Grade (≥99.5%): Prices remain elevated; e.g., Macklin Reagents quotes RMB 127 per 500 g, primarily for high-end battery materials and R&D applications.

2. Manganese(II) Phosphate (Acidic Manganese Phosphate / Marignac Salt)
- Mainstream quotation range: RMB 10–100/kg, varying substantially with purity and end-use.
Suppliers in Chenzhou, Hunan: RMB 83–100/kg (≥99.5% purity; customizable packaging);
Shaoguan Yuanxin Biotechnology Co., Ltd.: RMB 18 per 500 g (analytical reagent grade; for metal surface treatment);
Guangzhou Duo’ao Biotechnology Co., Ltd.: RMB 128 per 500 g (AR grade; research-grade reagent).

II. Key Demand Drivers
1. Power Battery Sector
- Rising Penetration of Lithium Manganese Iron Phosphate (LMFP): LMFP’s share in power battery installations is projected to reach 18.5% in 2026 (up from 12.3% in 2025). Each GWh of LMFP cathode material consumes ~210 tons of manganese phosphate; incremental demand from the power battery sector alone is estimated at 13,000 tons.
- Cost Advantage: LMFP cell cost stands at ~RMB 0.45–0.50/Wh—30% lower than ternary cells and only ~10% higher than LFP cells—while delivering energy density of 190–210 Wh/kg, approaching the lower bound of ternary batteries. This has accelerated adoption by leading OEMs and battery manufacturers (e.g., BYD, CATL).

2. Photovoltaic Sector
- Domestic Substitution in HJT Cell Metallization Pastes: Companies including Changzhou Juhe New Materials and Suzhou Jingyin New Materials have incorporated manganese phosphate into low-temperature silver paste conductive-phase modification systems. PV-sector demand is forecast to reach 3,200 tons in 2026, a 65% YoY increase.

3. Electroplating Industry
- Cyanide-Free Transition: Dongjiang Environmental Protection Co., Ltd.’s electroplating industrial parks have fully adopted manganese phosphate-based cyanide-replacement complexing agents, sustaining stable annual industrial-grade demand at ~4,800 tons.

III. Supply Landscape and Regional Distribution
1. High Production Concentration: Hubei, Jiangsu, and Sichuan provinces collectively account for 76.4% of national output. Capacity utilization in Northeast and Northwest regions remains below 52%, constrained primarily by resource endowment, energy costs, and downstream industrial synergy.
2. Dominance of Leading Enterprises: Companies including Hunan Yacheng New Materials, CATL, and BYD control vertically integrated process packages—from high-purity manganese powder synthesis to crystal-phase engineering. New entrants require ~36 months to complete pilot-scale validation and customer qualification, reflecting substantial technological barriers.

IV. Policy and Cost Impacts
1. Policy Support:
Manganese phosphate has been included in the “Catalogue of Priority New Materials for First-Batch Application Demonstration”, qualifying for a 30% procurement subsidy (capped at RMB 18 million per project);
Green production line technology upgrade grants (e.g., Hunan Yacheng received RMB 186 million in subsidies, achieving a 28.7% reduction in unit-product energy consumption).
2. Cost Pressures:
Upstream yellow phosphorus prices declined by 3.7%; however, electronic-grade products—due to stringent purity requirements—maintain an average price of RMB 146,000/ton (2025 annual average), while industrial-grade averages RMB 98,000/ton.

V. Forward Outlook
1. Sustained Demand Growth:
Total market size is projected to reach RMB 1.46 billion in 2026, up 14.1% YoY; >80% of demand originates from power batteries, photovoltaics, and electroplating.
2. Increasing Price Divergence:
Electronic-grade products will maintain stable pricing due to high technical barriers; industrial-grade prices may soften modestly amid new capacity ramp-ups.
3. Technological Disruption Risks:
Should LMFP energy density surpass 220 Wh/kg, substitution of ternary batteries could accelerate, further boosting manganese phosphate demand. Conversely, rapid commercialization of solid-state batteries or other next-generation technologies may exert downward pressure on demand.